"Invest in nuclear. Invest in gas. Invest in oil. Don't invest in renewables."

In an interview with Bloomberg Green's Zero podcast, Richard Tice warned investors against backing future UK renewable energy projects awarded under the Government's Allocation Round 7 (AR7) and beyond. He said: “I'm saying very clearly, and any investors listening to this, don't invest in AR7, AR8 and beyond. We put people on notice. Invest in nuclear. Invest in gas. Invest in oil. Don't invest in renewables.”

Attributed to Richard Tice

Source: Bloomberg (20 May 2026)